Buffalo, NY Real Estate
According to census data in the year 2000 there were 145,574 housing units in Buffalo.
This represents a 4.2% decline from 151,971 in 1990.
Of those housing units, 145,574 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Buffalo is about 43.5%.
Buffalo's vacancy rate, including seasonal lodging, is about 15.7%.
Average household size is 2.29 people.
The majority of houses, apartments or condos in Buffalo were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.60% |
| One Bedroom | 15.20% |
| Two Bedrooms | 29.60% |
| Three Bedrooms | 37.80% |
| Four Bedrooms | 10.30% |
| Five Bedrooms or more | 4.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $59,300 |
| Median Price asked for vacant units | $46,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.09 |
| Median year structure was built | 1940 |
| Median Monthly Rent asked for vacant units | $357 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 5.90% |
| Home Equity Loan | 9.10% |
| Simple Mortgage | 48.50% |
| Debt Free | 36.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19% |
